Strategy Asset Managers LLC Trims Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Strategy Asset Managers LLC lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 18.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,130 shares of the exchange traded fund’s stock after selling 482 shares during the quarter. Strategy Asset Managers LLC’s holdings in SPDR Gold Shares were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. grew its position in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Private Ocean LLC increased its stake in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth about $28,000. Finally, Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of GLD stock opened at $244.62 on Thursday. The company has a 50-day moving average of $245.60 and a two-hundred day moving average of $230.15. SPDR Gold Shares has a 1-year low of $183.15 and a 1-year high of $257.71.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).